Time Tracking Software

If you are running an online business, time tracking software becomes one of the most important tools to grow your productivity. This is especially true if you are a professional, freelancer, or run a company with lots of outsourced and remote workers. If you don’t track your time properly, you might end up wasting your time and money.

Here are the lists of the best time tracking software that you can use to keep your business productive.

Buying Guide for Time Tracking Software

The world has
truly become global in the last 20 years. This has given rise to a new
kind of an industry where employees may not be required to be at a
predefined destination. Further, specified working hours are not
demanded from employees. While desk jobs were the first to embrace this style of work, it has
later spread to other industries as well. The flexibility and freedom
provided by such jobs are immense, but it also complicates the job of
monitoring the status of a current project. It also makes it difficult
to maintain payrolls. This is where a time tracking software becomes
essential.

A time tracking software is primarily required to
monitor the amount of time spent by an employee on a particular project.
This can be done using a variety of ways like standalone desktop tools
for each employee or manual entry by the employees themselves. In
addition, the ability to monitor aspects like the employee activity or
the ideal time can be used to enhance the efficiency of a project. The
value quotient of a particular time tracking software is also greatly
enhanced by its ability to integrate popular platforms like to PayPal.

Time Tracking

The
primary objective of the time tracking software is handled through
different means like a desktop application, which normally takes up only
a little of the computer's resources, or a mobile app. The latter is
particularly useful when attempting to track employees whose job may
entitle them to be on the move. Mobile tracking can sometimes be done
even with location history using the phone's GPS functionalities.

In-Depth Report

The
information about the working hours of every employee are gathered and
presented to the user in the form of a report, which may present several information like billable hours, inefficient employees, and project costs at the current rate of employee efficiency. These reports can be customised
through several filtering options, while they can also be exported to
other computing platforms like Excel for further research.

Proof of Activity (Screenshot Captures)

More
often than not, the billable hours from the employee may be submitted
by the employee themselves. The authenticity of the information can be
verified through features like screenshots. The screenshots can be
programmed to capture information about a specific employee at specific
intervals. They could provide a wealth of information like the webpages being viewed by the employee and so on. The authenticity is also established by analysing aspects like keystrokes.

Payroll Management

In
a scenario where the employees are located around the world, it becomes
a major task to arrive at the weekly or monthly payment details for
employees. Time tracking software can provide features where the system
automatically uses all the approved 'billable time entries' to calculate
the payments required for each individual. Some tools even come with
the ability to pay the employees directly from the dashboard, thus
eliminating another expansive process.

Management of Multiple Projects

Since
each user may have multiple projects on their hands, it can get
cumbersome to manage multiple employees across multiple projects. Time
tracking software should make light work of this by providing the
administrator with the power to choose and assign projects to different
employees.

Conclusion

The global growth in the
'freelancer' type working style has led to various inconsistencies with
regard to the hours worked by an employee and the total cost of an
employee for a particular project. The time tracking software aims to
reduce such inconsistencies, which will improve the overall efficiency
of a project. This, in turn, leads to more profits for the user. Life is
also made a bit easier because integration with platforms like PayPal,
which would transform the time tracking
software into a comprehensive management tool for the administrator.
Therefore, it is imperative to choose a time tracking software,
depending on features required, for ease of use and more profits.